§ 42-64.6-5. Deduction.
A qualifying employer shall be denied a deduction for any expenses used to determine a credit, which was allowed under this chapter. If the credit is subsequently recaptured, or if the expenses attributable to the program exceed the amount on which the credit is allowed, a deduction shall be allowed in the taxable year in which the expense is recaptured, or paid or incurred.
History of Section.P.L. 1996, ch. 229, § 1; P.L. 1996, ch. 255, § 1.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-64.6 - Jobs Training Tax Credit Act
Section 42-64.6-1. - Short title.
Section 42-64.6-2. - Jobs training tax credit.
Section 42-64.6-3. - Definitions.
Section 42-64.6-4. - Determination of credit.
Section 42-64.6-5. - Deduction.
Section 42-64.6-7. - Limitation.